South China Aluminum: Transactions Turn Modest in The Afternoon-Shanghai Metals Market

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South China Aluminum: Transactions Turn Modest in The Afternoon

SMM Insight 04:30:22PM Mar 01, 2012 Source:SMM

SHANGHAI, Mar. 1 (SMM) – On Thursday, SHFE aluminum prices fell slightly and struggled at the RMB 16,200/mt level. Cargo holders in spot market in South China were not willing to move goods for low prices and stayed out of the market, driving spot prices up to RMB 15,890-15,910/mt, close to the aluminum prices in Shanghai. Middlemen were actively trading, but downstream buying interest was low. Transactions turned quiet in the afternoon.

Key Words:  South China   aluminum price 

Price

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#1 Refined Cu
Apr.19
49430.0
-170.0
(-0.34%)
Yangshan Copper Premium(Bill of Lading)
Apr.19
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.19
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

South China Aluminum: Transactions Turn Modest in The Afternoon

SMM Insight 04:30:22PM Mar 01, 2012 Source:SMM

SHANGHAI, Mar. 1 (SMM) – On Thursday, SHFE aluminum prices fell slightly and struggled at the RMB 16,200/mt level. Cargo holders in spot market in South China were not willing to move goods for low prices and stayed out of the market, driving spot prices up to RMB 15,890-15,910/mt, close to the aluminum prices in Shanghai. Middlemen were actively trading, but downstream buying interest was low. Transactions turned quiet in the afternoon.

Key Words:  South China   aluminum price